Organic Flower Sets Record Date of Share Distribution

Organic Flower Sets Record Date of Share Distribution

VANCOUVER, British Columbia, Dec. 16, 2019 (GLOBE NEWSWIRE) — Organic Flower Investments Group Inc. (CSE: SOW)(FWB: 2K6)(OTC: QILFF) (“Organic Flower” or “OFIG” or the “Company”) today announced that it has set a record date (the “Record Date”) for the distribution (the “Distribution“) of common shares in the capital of AgraFlora Organics International Inc. (“AgraFlora Common Shares”). As previously announced, the Company sold its cannabis industry focused downstream and product formulation portfolio to AgraFlora earlier this year. As consideration for the sale of the portfolio, the Company was issued an aggregate of 348,109,251 AgraFlora Common Shares. The Company is pleased to confirm the Record Date for the Distribution has been set for Monday, January 6, 2020. The distribution date is set for Wednesday, January 8, 2020, whereby an aggregate of 116,036,417 AgraFlora Common Shares will be distributed to the shareholders of the Company on the Record Date, on a pro-rata basis. The Company has designed the Distribution as a shares distribution in the form of a return of capital, and as a result it is not required to issue any tax slips related to the Distribution.  Organic Flower Shareholders with questions regarding the tax treatment of the Distribution should consult with…

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